![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2023\/06\/SeattleWA.jpg\")
<\/a>On a regional basis, Seattle, WA<\/a> had the largest decline in year-over-year sales transactions \u2013 down 35.8 percent. Seattle also saw a 35.4 percent decrease in new listings compared to last year.\u00a0<\/p>\n\n\n\n \u201cThe Seattle housing market remains defined by healthy demand and ultra-low supply,\u201d John Manning, managing broker of RE\/MAX Gateway in Seattle said. \u201cWhile home prices have been pressured by higher mortgage interest rates, homeowners still see their homes as an excellent long-term investment.\u201d <\/p>\n\n\n\n \u201cAdditionally, almost all homeowners who purchased before 2022 benefit from historically low interest rates. Combining strong long-term outlook with low-interest mortgage rates, Seattle homeowners have little incentive to sell their homes.\u201d<\/p>\n\n\n\n At the opposite end of the sales activity spectrum, only two of the 51 surveyed metro areas had a year-over-year sales percentage increase in May \u2013 Bozeman, MT<\/a> and Fayetteville<\/a>, AR both at +3.1 percent.<\/p>\n According to the latest RE\/MAX national housing report, home sales increased by 20 percent month-over-month in May. New listings also saw an 8.7 percent uptick.\u00a0<\/p>\n","protected":false},"author":52,"featured_media":227578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2023-06-20T15:27:40Z","apple_news_api_id":"530fea00-db94-4913-bf60-d9436d2a0a79","apple_news_api_modified_at":"2023-07-18T15:01:59Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AUw_qANuUSRO_YNlDbSoKeQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11199,11336,11198,11273],"coauthors":[10598],"apple_news_notices":[],"yoast_head":"\n